Sadbhav Engineering Ltd
NSE: SADBHAV BSE: 532710Infra
Incorporated in 1988, Sadbhav Engineering Ltd is an EPC contractor of road construction, mining and irrigation[1]
₹8.8
52W: ₹5.87 — ₹18
PE 0 · Book ₹48.8 · -82% vs bookMarket Cap₹151 Cr
Stock P/E—Price to Earnings
ROCE0.94%Return on Capital
ROE19.4%Return on Equity
Div. Yield0%Face Value ₹1
Strengths
- +Stock is trading at 0.18 times its book value
Weaknesses
- −Company has low interest coverage ratio.
- −The company has delivered a poor sales growth of -37.8% over past five years.
- −Promoter holding is low: 25.5%
- −Company has a low return on equity of -23.4% over last 3 years.
- −Contingent liabilities of Rs.174 Cr.
- −Earnings include an other income of Rs.76.1 Cr.
- −Company has high debtors of 502 days.
- −Promoter holding has decreased over last 3 years: -12.2%
- −Working capital days have increased from 105 days to 187 days
Shareholding Pattern
Promoters25.53%
FIIs0.32%
DIIs0%
Public74.16%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 36.22% | 36.22% | 36.22% | 36.22% | 36.22% | 25.53%▼10.7 | 25.53% | 25.53% |
| FIIs | 0.38% | 1.95%▲1.6 | 0.54%▼1.4 | 0.42%▼0.1 | 0.19%▼0.2 | 0.5%▲0.3 | 0.33%▼0.2 | 0.32%▼0.0 |
| DIIs | 8.92% | 3.41%▼5.5 | 2.14%▼1.3 | 0.37%▼1.8 | 0.37% | 0.01%▼0.4 | 0.01% | 0%▼0.0 |
| Public | 54.48% | 58.42%▲3.9 | 61.11%▲2.7 | 62.99%▲1.9 | 63.22%▲0.2 | 73.97%▲10.8 | 74.14%▲0.2 | 74.16%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 218.84 | 114.7 | 275.06 | 113.16 | 30.98 | 29.61 | 36.78 | 33.02 | 41.48 | 34.51 |
| Expenses | 200.87 | 139.76 | 420.24 | 107.76 | 30.52 | 20.41 | 68.67 | 15.46 | 33.25 | 22.33 |
| Operating Profit | 17.97 | -25.06 | -145.18 | 5.4 | 0.46 | 9.2 | -31.89 | 17.56 | 8.23 | 12.18 |
| OPM % | 8.21% | -21.85% | -52.78% | 4.77% | 1.48% | 31.07% | -86.7% | 53.18% | 19.84% | 35.29% |
| Net Profit | -3.22 | -61.8 | -200.7 | -22.13 | -7.14 | -26.73 | -97.54 | -0.42 | -10.92 | -4.72 |
| EPS ₹ | -0.19 | -3.6 | -11.7 | -1.29 | -0.42 | -1.56 | -5.69 | -0.02 | -0.64 | -0.28 |
AI Insights
Revenue Trend
TTM revenue at ₹146Cr, down 30.8% YoY. OPM at 4%.
Debt Position
Borrowings at ₹1,257Cr. Debt-to-equity ratio: 1.53x. High leverage — monitor closely.
Capex Cycle
CWIP at ₹5Cr (28% of fixed assets). Significant capex underway — growth runway building.
Institutional Flow
DIIs: 0% (-10.88pp change). FIIs: 0.32% (+0.22pp change). Promoters hold 25.53%.
Margin & Efficiency
ROCE declining from 14% (Mar 2014) to 1% (Mar 2025). Working capital days: 187.
Recent Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Sadbhav Engineering says SEBI large corporate disclosure norms are not applicable as of March 31, 2026.
- Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 2 Apr - Company Secretary and Compliance Officer Hardik Modi resigned effective 1 April 2026 for personal reasons.
- Intimation Of The Restructuring Plan As Per The Reserve Bank Of India (Commercial Banks- Resolution Of Stressed Assets) Directions, 2025. 1 Apr - Restructuring plan implemented 31/03/2026; PNB-led consortium approved (77.83% by value, 60% by number).
- Closure of Trading Window 31 Mar
- Please Find Enclosed Announcement For Signing Of Master Restructuring Agreement By Sadbhav Engineering Limited With Majority Consortium Lenders. 26 Mar - MRA signed 25 Mar 2026 to restructure Rs.1,516.71 Crore debt; convert debts to debentures/equity; lender nominee rights.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse